Fitzroy Minerals Identifies Large Conductive Anomalies Linked to Copper-Molybdenum-Gold Drill Intercepts at Caballos Project

Fitzroy Minerals Inc. (TSXV: FTZ, OTCQX: FTZFF, FSE: C3Y) announced the results of a helicopter-borne MobileMT airborne electromagnetic and magnetic survey over its Caballos Project in the Valparaiso Region, Chile. The survey, completed by Expert Geophysics Services Inc. (EGS), identified multiple conductivity and resistivity anomalies interpreted as porphyry-style hydrothermal systems linked to mineralization intersected in 2025 diamond drilling.

Highlights include a large circular conductive feature approximately five kilometers in diameter, interpreted as a porphyry-related hydrothermal system directly connected to copper-molybdenum-gold-rhenium mineralization at the Chincolco Prospect. Additionally, linear conductive anomalies extending 2.5 kilometers south of the Chincolco drill intercepts suggest potential for continued mineralization beneath thin volcanic cover.

The MobileMT survey covered 694 line-km over 194 km², including 200 m spacing infill over the Central Target area. EGS identified a strong conductive feature dipping eastward for 1.5-2.0 km, merging into the larger circular body with roots extending beyond 2 km depth. This is interpreted as a structurally controlled zone of hydrothermal alteration and sulphide development consistent with a porphyry environment.

President and CEO Merlin Marr-Johnson commented: "The MobileMT survey shows that Caballos hosts the type of plumbing architecture and conductive anomalies often associated with world-class mineral systems in Chile. The standout anomaly is a huge circular feature about five kilometers across that connects to sulphide mineralization intersected in drilling last year."

The survey also identified a 14 km north-south conductive corridor along the Pocuro Fault Zone, interpreted as a major crustal-scale permeable structure and potential pathway for mineralizing fluids. Further north, resistivity patterns comparable to those at El Teniente and La Huifa deposits were observed, supporting district-scale mineralizing system interpretations.

Fitzroy plans follow-up with integrated data processing, a ground Deep IP survey in Q2 2026 to gain chargeability information, and AI-enhanced processing to refine drill targets. The Company also granted 5,770,000 stock options to directors, officers, and consultants at $0.50 per share until April 29, 2031.

Dr. Scott Jobin-Bevans (P.Geo., Ph.D., PMP), a Qualified Person under NI 43-101, reviewed and approved the technical information. For further details, visit the Company's website at www.fitzroyminerals.com.